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Cable Update (GBPUSD)

  • #366,021
  • Feb 26, 2014 3:13am Feb 26, 2014 3:13am
I just can't catch a break in Euro session these day for some reason. It's like as soon as I take a position the market decides to reverse course.
MAY THE PIPS BE WITH YOU!
  • #366,022
  • Feb 26, 2014 3:16am Feb 26, 2014 3:16am
trying a short @1.6693. 1.6723 is still important. if it is cleared 1.6748 and then 1.68 all clear.
  • #366,023
  • Feb 26, 2014 3:18am Feb 26, 2014 3:18am
When the price rises like it is doing in the 30 minutes before news release (we are up about 25 pips in the last hour) you wonder if someone big knows something good, of even if they are driving up the price to sell it like crazy
  • #366,024
  • Feb 26, 2014 3:20am Feb 26, 2014 3:20am
yesterdays high was 61.8% of last months candle??? trivia for you
  • #366,025
  • Feb 26, 2014 3:20am Feb 26, 2014 3:20am
sell 694 sl 709 tp 580+
With a good book and quality paper you can fine wipe your ass.
  • #366,026
  • Feb 26, 2014 3:20am Feb 26, 2014 3:20am
Quoting wiseambition
When the price rises like it is doing in the 30 minutes before news release (we are up about 25 pips in the last hour) you wonder if someone big knows something good, of even if they are driving up the price to sell it like crazy
OR maybe, people are just getting out so they minimize there risk exposure. From a professional intra day perspective this is highly likely. Enough with the conspiracy already would ya?
All posts are my personal opinion
  • #366,027
  • Feb 26, 2014 3:21am Feb 26, 2014 3:21am
Quoting wiseambition
When the price rises like it is doing in the 30 minutes before news release (we are up about 25 pips in the last hour) you wonder if someone big knows something good, of even if they are driving up the price to sell it like crazy
watch the action 10 mins before the data. that is more imp. one good thing is the vodafone-verizon bullshit which I am hearing for the past 2 months won't be heard unless a british company decides to buy another US company
  • #366,028
  • Feb 26, 2014 3:21am Feb 26, 2014 3:21am
Quoting wiseambition
When the price rises like it is doing in the 30 minutes before news release (we are up about 25 pips in the last hour) you wonder if someone big knows something good, of even if they are driving up the price to sell it like crazy
2nd statement seems true recently
  • #366,029
  • Feb 26, 2014 3:25am Feb 26, 2014 3:25am
Sounds like gambling to me ...I havent heared anybody deciding to sell or buy based on his or her system .
  • #366,030
  • Feb 26, 2014 3:26am Feb 26, 2014 3:26am
Quoting chazzle
{quote} GU H1 taking the quick ones, waiting for pullback {image}
back in at FO
  • #366,031
  • Feb 26, 2014 3:27am Feb 26, 2014 3:27am
Quoting giveachance
{quote} watch the action 10 mins before the data. that is more imp. one good thing is the vodafone-verizon bullshit which I am hearing for the past 2 months won't be heard unless a british company decides to buy another US company
I dont think the official stats can be purchased until 2 minutes before general release from the likes of Thomson / Reuters.
  • #366,032
  • Feb 26, 2014 3:27am Feb 26, 2014 3:27am
Quoting Suffo
small-sell 672 sl 709 tp 580+
out be
With a good book and quality paper you can fine wipe your ass.
  • #366,033
  • Feb 26, 2014 3:28am Feb 26, 2014 3:28am
some numbers for you high 6767 low targets which we want , 6637 66003,6583 if this move now comes off it is off the 50% and if it does and the news is short based that 6725 was the high for this month, only my thinking
  • #366,034
  • Feb 26, 2014 3:29am Feb 26, 2014 3:29am
Up up up
  • #366,035
  • Edited 3:52am Feb 26, 2014 3:30am | Edited 3:52am
Quoting Davit
lets put this in perspective. Bull run was driven by latest data plus Verizon deal which Tues was last date. Latest data was negative and Verizon is done. Time for major correction There is no more incentive for bull run at least next few months.I'll jump in on Bull wagon myself but not until we hit 64-63 Nothing goes straight up. Not even bringing up the fact EU is stuck at 3740'sh failing to break 3770 which clearly puts a dumper on Bull dreams. EU breaks 37 floodgates open to 35 and GU 65 even lower
From the fundamental aspect, Apparently negative news does not give immediate effect.
Does not mean it's not important, From what I see its effects Accumulate .. and clearly reinforce the big investors to keep them maintain their sell limit before do another bull trap.

Nevertheless, viewing from the G/U usual behavior, DEfinitely need a major correction.
Thats the reason I stayed put my trust on my shorts . And the longer I stared at G/U, the more I trust with my shorts.
stay chill n enjoy fall when it comes
A handful of patience is worth a bushel of brains
  • #366,036
  • Feb 26, 2014 3:31am Feb 26, 2014 3:31am
fucking spread on my broker before the data. no change and gbp is back to 1.67. better to leave it apart.
  • #366,037
  • Feb 26, 2014 3:31am Feb 26, 2014 3:31am
Quoting DailyChart
Up up up
down down down,, lol regards
  • #366,038
  • Feb 26, 2014 3:32am Feb 26, 2014 3:32am
Quoting Kimchi
{quote} From the fundamental aspect. Apparently negative news does not give immediate effect. Does not mean it's not important, From what I see its effects Accumulate .. and clearly reinforce the big investors to keep them maintain their sell limit before do another bull trap. Nevertheless, viewing from the G/U usual behavior, DEfinitely need a major correction. Thats the reason I stayed put my trust on my shorts . And the longer I stared at G/U, the more I trust with my shorts. stay chill n enjoy fall when it comes
your shorts may start becoming uncomfortable if another good print of data takes out 1.68 and goes to 1.69 or 1.7
  • #366,039
  • Feb 26, 2014 3:34am Feb 26, 2014 3:34am
CPI DOWN
UNEMPLOYMENT UP
GDP DOWN

GU no reaction. FAK FAK FAK ! i am tired of that side correction
  • #366,040
  • Feb 26, 2014 3:34am Feb 26, 2014 3:34am
i look at 6705 to sell
covered pre news drop from 6695 for twenty+
6646 is my first line down
GL
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